Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Editorial: Grow America, Take Two
An outline of the revised Grow America Act shows the Obama administration wants to spend $478.26 billion on surface transportation over six years starting Oct. 1.
February 9, 2015TT Archives: Driver Shortage
In this issue of Transport Topics, back in 1995, the trucking industry was facing the same problem we are today, driver shortage.
February 9, 2015Obama Budget Request Includes 6-Year, $18 Billion Freight Plan
The fiscal 2016 White House budget request released last week anchors its transportation segment with a six-year, $478.26 billion surface transportation plan that includes an $18 billion freight program.
February 9, 2015OEMs Continue to Nip at Cummins’ Engine Lead
Truck manufacturers continued to make gains selling their own engines during 2014, as the total number of engines placed into Class 8 trucks rose 21.3%, WardsAuto.com reported.
February 9, 2015Quarterly Earnings Drop 1.9% at UPS on Rising Costs for Holiday Deliveries
UPS Inc. last week said fourth-quarter earnings fell 1.9% from a year earlier because of higher costs to deliver holiday packages, an issue that company officials insisted will be fixed.
February 9, 2015Courts Divided on Termination Cases After Drivers Self-Report Alcohol Abuse
Two conflicting court decisions have muddied the legal waters on how a motor carrier should respond when a driver self-reports a problem with alcohol.
February 9, 2015California Court Awards $2.2 Million in Ruling for Pacer Cartage Drivers
A California state court has awarded seven drayage drivers for an XPO Logistics subsidiary $2.2 million in an ongoing battle over worker classification, which could intensify with further legal action.
February 9, 2015Members of Congress Tout Repatriation as Way to Boost Infrastructure Revenue
WASHINGTON — Talk of relying on repatriated revenue to pay for highway programs has gained considerable attention on Capitol Hill recently.
February 9, 2015Obama Seeks $94.7 Billion for DOT, Proposes Safety Oversight Office
Safety and technology underpin the six-year surface transportation plan in President Obama’s $4 trillion fiscal 2016 budget.
February 9, 2015'Uptime' Becomes a Focus of Navistar's Turnaround
LISLE, Ill. — Navistar Inc. declared a renewed focus on building increasingly dependable trucks and providing enhanced support to its customers to keep them on the road, beginning the next phase of its quest to regain market share and return to profitability.
February 9, 2015